The global food certification market is projected to reach value of USD 6.90 billion by 2027, according to a recent analysis by Emergen Research. The report provides detailed insights into Food Certification market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Food Certification market size over the forecast period, 2020–2028. The report includes profiles of major Food Certification players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Change in consumers' consumption habits, preference for organic foods, rise in the living standards, and consumer's requirement for quality products are some of the vital factors driving the market.  Also included are details regarding top Food Certification market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.

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Food certification has been essential in resolving critical issues related to supply chain in the food sector. The certification helps in growth of the economy of a nation through imports and exports.  Global Food Certification market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Food Certification market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Food Certification market. Formulation of strict regulations regarding food safety has acted as a river of the market. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Food Certification market share contribution of these countries. In addition, Food Certification market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries. The global food certification market is expected to remain in a competitive and highly fragmented landscape during the forecast period, consisting of a large number of small start-ups, medium enterprises, and large conglomerates. 

 

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Region wise performance of the Food Certification industry

North America Food Certification market revenue growth was relatively higher than that of other regional markets in 2020. North America Food Certification market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.  

Asia Pacific Food Certification market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Food Certification market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Food Certification market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.

Europe Food Certification market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

In terms of Food Certification market share and revenue contribution to the global Food Certification market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Food Certification market share.

The market intelligence report on the Food Certification Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

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Further Key Findings from Report Suggest:

  • In September 2020, Intertek and a few other organizations started a new partnership to launch a brand-new shared audit program collectively. This program would lend a helping hand to create a safe food supply chain with its audit, which would help in certification.
  • In March 2019, DNV established an AI (Artificial Intelligence) research center to offer better and accurate solutions to enhance food surveys, inspection, and audit in Shanghai, China
  • The ISO 22000 certification focuses on securing and maintaining a supply chain. It has principles of integrated management systems and it is formulated as per the HACCP principles of the Codex Alimentarius and other essential standards in the ISO management systems. This certification helps control the risks in the food industry. ISO 22000 specifies that all the probable hazards expected to happen in a food chain should be identified and assessed. Therefore, it provides means to determine and document why a specific organization needs to control certain types of identified threats..

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Food Certification industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Food Certification market across different regions?
  • Who are the major driving forces expected to decide the fate of the Food Certification industry worldwide?
  • Who are the prominent market players making a mark in the Food Certification market with their winning strategies?
  • Which Food Certification industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Food Certification market?

 

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